All workers and employers in the UK, including the self-employed, are part of the PAYE system. Introduced in 1944 by HMRC, it is designed to make the process of paying tax, National Insurance and other deductions much simpler.
In this course, you will learn how the PAYE system works, how tax codes ensure employers deduct the correct amount of tax from their employees’ pay, how self-employed people pay tax, and the importance of using appropriate software to submit payment submissions.
What you will learn:
- How the UK PAYE system works
- How tax codes work, and what the various tax codes mean
- How and when you need to send information to HMRC
- How to choose the best software to help manage your payroll
- How self-employed people navigate the PAYE system
Course content
4 modules · 0.5 hours of learning
- Module 01: Introduction to PAYE (includes quiz)
- Module 02: What Are Tax Codes and Why Are They Important? (includes quiz)
- Module 03: PAYE Software and HMRC (includes quiz)
- Module 04: How Does the PAYE System Differ to the System in Place for Self-Employed People? (includes quiz)
This course sits within our accounting and finance courses, part of our wider CPD course library.
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